---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-005251"
form_type: "8-K/A"
ticker: null
cik: "0001417664"
company_name: "Value Exchange International, Inc."
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:04:37.365227+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Value Exchange International amends 8-K to clarify director independence for Hapi credit line

## Summary
- Board determined directors Wong Shui Yeung and Wong Tat Keung are independent for the Credit Agreement.
- Directors Chan Heng Fai, Lum Kan Fai, Robert Trapp, Lim Sheng Hon deemed affiliated with Chan or Alset.
- Executive directors Tan Seng Wee, Tsang Po Yee Bella, Lee Yuen Fong found not affiliated with Chan Heng Fai.
- Review requested by Alset Inc. to re-evaluate relationships; only Item 1.01 of prior 8-K was amended.
- Original $1M convertible credit line from Hapi Metaverse, Inc. remains unchanged.

## SEC filing metadata
- accession: 0001214659-24-005251
- form_type: 8-K/A
- cik: 0001417664
- company_name: Value Exchange International, Inc.
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1417664/000121465924005251/0001214659-24-005251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1417664/000121465924005251/x3262408ka1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-005251
- JSON: https://secwatch.observer/filing/0001214659-24-005251.json
- Plain text: https://secwatch.observer/filing/0001214659-24-005251.txt

## Key facts
- Material Agreements
  Value Exchange International, Inc. entered into Loan Agreement valued at One Million U.S. Dollars and No Cents (USD$1,000,000.00) (effective 2024-03-21).
  - Action: entry
  - Agreement: credit facility
  - Value: One Million U.S. Dollars and No Cents (USD$1,000,000.00)
  - Effective: 2024-03-21
  source text: f the Loan Agreement. As such, the Board also concluded that in respect of the nine directors of the Company: Company directors Chan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1417664/000121465924005251/0001214659-24-005251-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.